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Suppose the owner bears a monitoring cost of m, which is subtracted from income, so that the owners utility is U (x^beta, y^beta-m). mLet the monitoring cost person be a function m(n) of the number n of team members, with m increasing as n increase. How does this affect the analysis?
Suppose a nation picks 1000 young adults at random to serve in the army. Illustrate what information do you need to determine the cost of using these people in the Army.
Explain the connections between opportunity cost and the production possibilities frontier.
Explain how the quantity of executives demanded, the quantity supplied, and executive pay will change based on the above statement.
A charitable university benefactor has decided to donate a large amount of money for student scholarships.
Suppose nominal GDP in 2002 was $100 billion and in 2003 it was $260 billion. The general price index in 2002 was 100 and in 2003 it was 180. Between 2002 and 2003 the real GDP rose by:
What is the amount A in actual dollars equivalent to A’ = $1,000 in constant dollars? Please provide step by step detail
For several decades the labor force participation rate of women increased steadily but average hours worked per employed woman decreased steadily. Holding all other factors constant, could rising wage rates of women explain both phenomena? Explain. [..
What are the tools available to the federal government to implement fiscal policy. If you had the ear of the U.S. president, what advice would you give for the direction of U.S. fiscal policy.
Assume that the society decided to reduce consumption also increase investment. Explain how would this change effect economic growth.
Explain role of technology in evolution of money is used by consumers. Explain illustrate what has happened to velocity of money because of technology.
What are price indexes designed to measure. Outline how they are construed. When GDP and other and other income figures are compared across time periods.
the monopoly will experience a loss the monopoly will earn a profit the monopoly will earn zero profit consumers will be worse off than they would be if the firm's profit maximization activities were unregulated
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